Adam's Athletic Apparel has $1,600$ shares of $7\%,$$$100$ par value preferred stock the company issued at the beginning of $2023.$ All remaining shares are common stock. The company was not able to pay dividends in $2023,$ but plans to pay dividends of $$24,000$ in $2024.$

Required:

& $2.$ How much of the $$24,000$ dividend will be paid to preferred stockholders and how much will be paid to common stockholders in $2024,$ assuming the preferred stock is cumulative? What if the preferred stock were noncumulative?

$\backslash$table$[[,,$Cumulative,$\backslash$table$[[$Non$],[$Cumulative$]]],[$Preferred dividends in arrears for $2023,,11200,,],[$Preferred dividends for $2024,-,,11,200,11,200],[$Remaining dividends to common stockholders,,,$12,800,12,800],[$Total dividends,,$$,24,000,24,000]]$

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